We have some of the highest corporate taxes on the planet, people would do well to be keeping half of their income after taxes. With all of the government mandates (which are also taxes) and massive government debt spending (which are hurting the economy), we no longer have any good places for companies to invest their money if they have any.
“people would do well to be keeping half of their income after taxes”
Nobody pays a 50%+ income tax rate. Heck, currently the highest earners pay an effective rate lower than the middle-lower class earners.